How Big Is the Audit Market | Growth Trends & Forecast 2025

Q: What is the projected size of the audit market by 2031?

Audit market is expected to reach USD 36.5 billion by 2031, growing at a CAGR of 6.7%.

Q: Which sectors are increasingly demanding audit services?

Sectors such as banking, fintech, and e-commerce are seeing heightened audit demand due to increased regulatory scrutiny and digital exposure.

Q: How is technology transforming the audit market?

Tech tools like AI, blockchain, and automated workflows are streamlining audits, improving fraud detection.

Q: What types of audits are gaining prominence globally?

ESG audits, IT and cybersecurity audits, and third-party risk audits are witnessing rapid growth.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5053

Publication Date: Jul 2025

How Big Is the Audit Market?

According to 6Wresearch internal database and industry insights, the audit market was valued at USD 23.6 billion in 2024 and is projected to reach USD 36.5 billion by 2031, growing at a CAGR of 6.7% during the forecast period.

The rising complexity in regulatory compliance, increasing globalization of businesses, digitization of financial records, and the growing importance of ESG (Environmental, Social, and Governance) disclosures are propelling growth across audit services globally.

Growth Factors of the Audit Market

Tightening global regulatory environments mandating regular and transparent audits
Surge in cyber risk audits on account of increasing digital threats and data breaches
Expansion of cross border M&A requiring due diligence audits
Increasing demand for statutory, internal, and forensic audits across public and private organizations
Increase in ESG auditing as stakeholders demand sustainability transparency
Automation and AI in auditing services with increased accuracy, speed, and fraud detection

Audit Market Trends

The audit industry is undergoing change with the introductions of AI, data analytics, and cloud-based solutions. New developments like continuous auditing and real-time risk assessments threaten the conventional reliance on annual or periodic audits. Growth in non-financial auditing creates more room for audit services. Simultaneously, independent audit platforms are becoming popular among mid-market enterprises in confirming objectiveness and cost-effectiveness.

Emerging Developments in Audit Market

Audit firms increasingly invest in digital eco-systems to facilitate remote, virtual audits. Audit trails by blockchain, are becoming a secure and unmodifiable method transaction validation. Audit outsourcing and co-sourcing is another growing MO for SMEs, allowing access to sophisticated tools without having a dedicated full-time team. And niche audit firms focused on AI ethics, sustainability and cyber risk are coming into the market, driven by shifting client demands.